KANANI INDUSTRIES LIMITED

R.O. : GE1080, BHARAT DIAMOND BOURSE, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULT FOR THE QUARTER/SIX MONTH ENDED 30 TH SEPTEMBER, 2021
(Rs. in lacs)
Quarter Ended Six Month Year Ended
Particulars 30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Revenue from Operation 2,893.44 1,613.31 2,078.26 4,506.75 3,799.93 7,716.52
2 Other Income 18.14 32.20 41.53 50.34 25.35 91.11
3 Total Income (1+2) 2,911.58 1,645.50 2,119.79 4,557.09 3,825.28 7,807.63
4 Expenses:
(1) Cost of Raw Material Consumed 2,767.46 1,214.46 2,761.04 3,981.92 3,298.25 6,646.59
(2) Purchase of Stock-in-trade - - - - - -
(3) Changes in inventories of finished goods, Work-in progress and stock-in trade - 326.11 (762.33) 326.11 272.25 708.47
(4) Employee Benefit Expenses 12.64 12.44 11.97 25.08 23.63 47.38
(5) Finance Cost 29.53 22.83 32.07 52.36 67.32 113.91
(6) Depreciation & amortisation Expenses 1.78 1.75 2.29 3.53 4.55 9.32
(7) Other Expenses 82.30 55.19 63.00 137.49 125.29 229.44
Total Expenses (4) 2,893.70 1,632.78 2,108.04 4,526.48 3,791.29 7,755.11
5 Total Profit before Exceptional Items and tax (3-4) 17.88 12.72 11.75 30.60 33.99 52.52
6 Exceptional Items - - - - - -
7 Total Profit before before Tax (5-6) 17.88 12.72 11.75 30.60 33.99 52.52
8 Tax Expenses
Current Tax 2.78 1.99 1.83 4.77 5.30 8.19
Tax for Earlier Year - - - - - -
9 Net Profit (Loss) for the period from continuing operations (7-8) 15.10 10.73 9.92 25.83 28.69 44.33
10 Profit / (Loss) from discontinued operations before tax - - - - - -
11 Tax Expenses of discontinued operations - - - - - -
12 Net Profit (Loss) from discontinued operation after tax (10-11) - - - - - -
13 Total Profit (Loss) for the period (9+12) 15.10 10.73 9.92 25.83 28.69 44.33
14 Other Comprehensive Income
A (i) Item that will not be reclassified to profit or loss - - - - - -
(ii) Income tax relating to item that will not be reclassified to profit or loss - - - - - -
B (i) Item that will be reclassified to profit or loss - - - - - -
(ii) Income tax relating to item that will be reclassified to profit or loss - - - - - -
15 Total comprehensive income for the period 15.10 10.73 9.92 25.83 28.69 44.33
16 Paid up equity share capital 989.34 989.34 989.34 989.34 989.34 989.34
(Face Value of Share) 1.00 1.00 1.00 1.00 1.00 1.00
17 Reserve excluding Revaluation Reserves - - - - - 3,324.19
18 Earnings per equity shre (for continuing operation):
1 Basic 0.02 0.01 0.01 0.03 0.03 0.04
2 Diluted 0.02 0.01 0.01 0.03 0.03 0.04
19 Earnings per equity shre (for discontinued operation):
1 Basic - - - - - -
2 Diluted - - - - - -
20 Earnings per equity shre (for discontinued & continuing operations):
1 Basic 0.02 0.01 0.01 0.03 0.03 0.04
2 Diluted 0.02 0.01 0.01 0.03 0.03 0.04
 KANANI INDUSTRIES LIMITED
R.O. : GE1080, BHARAT DIAMOND BOURSE, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULT FOR THE QUARTER/SIX MONTH ENDED 30 TH SEPTEMBER, 2021
(Rs. in lacs)
Quarter Ended Six Month Year Ended
Particulars 30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Revenue from Operation 10,111.17 7,349.94 6,885.73 17,461.11 13,964.06 31,157.60
2 Other Income 18.14 32.20 41.53 50.34 25.35 91.11
3 Total Income (1+2) 10,129.31 7,382.14 6,927.26 17,511.45 13,989.41 31,248.71
4 Expenses:
(1) Cost of Raw Material Consumed 2,767.46 1,214.46 2,761.04 3,981.92 3,298.25 6,646.59
(2) Purchase of Stock-in-trade 7,076.08 5,683.35 4,526.81 12,759.43 9,658.09 23,090.15
(3) Changes in inventories of finished goods, Work-in progress and stock-in trade 98.43 329.13 (478.07) 427.57 737.76 956.74
(4) Employee Benefit Expenses 25.77 25.61 25.05 51.38 50.15 100.40
(5) Finance Cost 29.53 22.83 32.07 52.36 67.32 113.91
(6) Depreciation & amortisation Expenses 1.78 1.75 2.29 3.53 4.55 9.32
(7) Other Expenses 96.77 64.56 78.25 161.33 148.26 277.12
Total Expenses (4) 10,095.83 7,341.68 6,947.44 17,437.51 13,964.38 31,194.22
5 Total Profit before Exceptional Items and tax (3-4) 33.48 40.46 (20.18) 73.94 25.03 54.49
6 Exceptional Items - - - - - -
7 Total Profit before before Tax (5-6) 33.48 40.46 (20.18) 73.94 25.03 54.49
8 Tax Expenses
Current Tax 4.33 2.97 1.88 7.30 6.48 10.57
Tax for Earlier Year - - - - - -
9 Net Profit (Loss) for the period from continuing operations (7-8) 29.15 37.49 (22.05) 66.64 18.55 43.92
10 Profit / (Loss) from discontinued operations before tax - - - - - -
11 Tax Expenses of discontinued operations - - - - - -
12 Net Profit (Loss) from discontinued operation after tax (10-11) - - - - - -
13 Total Profit (Loss) for the period (9+12) 29.15 37.49 (22.05) 66.64 18.55 43.92
14 Other Comprehensive Income
A (i) Item that will not be reclassified to profit or loss - - - - - -
(ii) Income tax relating to item that will not be reclassified to profit or loss - - - - - -
B (i) Item that will be reclassified to profit or loss - - - - - -
(ii) Income tax relating to item that will be reclassified to profit or loss - - - - - -
15 Total comprehensive income for the period 29.15 37.49 (22.05) 66.64 18.55 43.92
16 Paid up equity share capital 989.34 989.34 989.34 989.34 989.34 989.34
(Face Value of Share) 1.00 1.00 1.00 1.00 1.00 1.00
17 Reserve excluding Revaluation Reserves - - - - - 4,656.06
18 Earnings per equity shre (for continuing operation):
1 Basic 0.03 0.04 (0.02) 0.07 0.02 0.04
2 Diluted 0.03 0.04 (0.02) 0.07 0.02 0.04
19 Earnings per equity shre (for discontinued operation):
1 Basic - - - - - -
2 Diluted - - - - - -
20 Earnings per equity shre (for discontinued & continuing operations):
1 Basic 0.03 0.04 (0.02) 0.07 0.02 0.04
2 Diluted 0.03 0.04 (0.02) 0.07 0.02 0.04
 KANANI INDUSTRIES LIMITED
R.O. : GE1080, BHARAT DIAMOND BOURSE, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STANDALONE & CONSOLIDATED UNAUDITED STATEMENT OF ASSETS AND LIABILITIES AS ON 30 TH SEPTEMBER, 2021
(Rs. in lacs)
STANDALONE CONSOLIDATED
Six Month Ended Six Month Ended
Particulars
30.09.2021 31.03.2021 30.09.2021 31.03.2021
Unaudited Audited Unaudited Audited
ASSETS
1 Non-current assets
(a) Property, Plant and Equipment 28.77 32.30 28.77 32.30
(b) Capital Work in Progress - - - -
(C) Investment in Property - - - -
(d) Goodwill - - - -
(e) Other Intangible assets - - - -
(f) Intangible assets under development - - - -
(g) Biological assets other than bearer plants - - - -
(h) Financial Assets
(i) Investments 2,133.59 2,133.59 - -
(ii) Trade Receivable - - - -
(iii) Loans - - - -
(iv) Others - - - -
(i) Deffered Tax Assets - - - -
(j) Other Non-current Assets 0.21 0.21 2.51 2.49
Total Non-Current Assets 2,162.57 2,166.10 31.28 34.79
2 Current assets
(a) Inventories 99.87 447.92 1429.08 1878.59
(b) Financial Asstes
(i) Investments - - - -
(ii) Trade Receivable 5,289.18 5,540.30 11272.45 10931.59
(iii) Cash & Cash Equivalents 400.51 403.13 472.39 415.98
(iv) Bank Balance other than (iii) above - - - -
(v) Loans - - - -
(vi) Others 33.32 31.22 33.32 31.22
(C) Investment
Current Tax in
Assets
Property
(Net) - - - -
(d) Investment
Other Current
in Property
Assets 68.33 56.23 68.33 56.23
Total Current Assets 5,891.22 6,478.80 13,275.57 13,313.60
TOTAL ASSETS TOTAL 8,053.79 8,644.90 13,306.85 13,348.39
EQUITY AND LIABILITIES
EQUITY
(a) Equity Share Capital 989.34 989.34 989.34 989.34
(b) Other equity 3,350.02 3,324.19 4742.26 4656.06
LIABILITIES
1 Non Current Liabilities
(a) Financial Liabilities
(i) Borrowings - 217.95 - 217.95
(ii) Trade Payables - - - -
(iii) Other Fianancial Liabilities - - - -
(Other than those specified in item (b)) - - - -
(b) Provisions - - - -
(C) Deffered Tax Liabilities (Net) - - - -
(d) Other Non-current Liabilities - - - -
Total Non-Current Liabilities 4,339.36 4,531.48 5,731.60 5,863.35
2 Current Liabilities
(a) Financial Liabilities
(i) Borrowings 2,000.04 2,000.00 2000.04 2000.00
(ii) Trade Payables 1,695.06 2,093.26 5551.34 5460.50
(iii) Other Fianancial Liabilities - - - -
(Other than those specified in item (C)) - - - -
(b) Other Current Liabilities 19.32 20.17 21.33 22.16
(C) Provision - - 2.53 2.38
(d) Current Tax Liabilities (Net) - - - -
Total Current Liabilities 3,714.43 4,113.42 7,575.25 7,485.04
TOTAL EQUITY AND LIABILITIES TOTAL 8,053.79 8,644.90 13,306.85 13,348.39
 KANANI INDUSTRIES LIMITED
R.O. : GE1080, BHARAT DIAMOND BOURSE, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI: 400051.
CIN NO. L51900MH1983PLC029598 WEBSITE: www.kananiindustries.com
STANDALONE & CONSOLIDATED CASH FLOW STATEMENT FOR THE SIX MONTH ENDED 30 TH SEPTEMBER, 2021
(Rs. in lacs)
STANDALONE CONSOLIDATED
Six Month Ended Six Month Ended
Particulars
30.09.2021 30.09.2020 31.03.2021 30.09.2021 30.09.2020 31.03.2021
Unaudited Unaudited Audited Unaudited Unaudited Audited
A. CASH FLOW FROM OPERATING ACTIVITIES :
Net profit before tax and extra-ordinary items 30.60 33.99 52.52 73.94 25.03 54.49
Adjustments for :
Depreciation 3.53 4.55 9.32 3.53 4.55 9.32
Foreign currency translation reserve - - - 19.57 (49.59) (48.50)
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES : 34.13 38.54 61.84 97.04 (20.01) 15.31
Adjustments for :
Trade receivables 251.12 432.86 (310.53) (340.86) 2,296.45 973.44
Other receivables (14.21) (2.71) (49.18) (14.23) (2.65) (49.12)
Inventories 348.05 629.22 945.08 449.51 1,094.73 1,193.35
Trade Payables & Other Liabilities (403.38) (1,568.85) (300.15) 85.67 (3,784.96) (1,820.09)
CASH GENERATED FROM OPERATIONS 215.72 (470.94) 347.06 277.12 (416.45) 312.89
Direct taxes paid (0.43) (0.06) (10.40) (2.81) (2.49) (12.83)
Income tax refund - - - - - -
Net cash from operating activities 215.29 (471.00) 336.65 274.32 (418.94) 300.06

B. CASH FLOW FROM INVESTING ACTIVITIES :

Purchase of property, plant and equipment - - - - - -
Net cash used in investment activities - - - - - -

C. CASH FLOW FROM FINANCING ACTIVITIES :

Proceeds/(Repayment) of Short Term Borrowings 0.04 311.03 (88.97) 0.04 311.03 (88.97)
Proceeds/(Repayment) of Long-Term Borrowings (217.95) 186.50 (221.20) (217.95) 186.50 (221.20)
Net cash used in financing activities (217.91) 497.53 (310.17) (217.91) 497.53 (310.17)
Net Increae / (Decrease) in cash and cash equivalents (2.62) 26.53 26.48 56.41 78.59 (10.11)
Opening balance of Cash & cash equivalents 403.13 376.65 376.65 415.98 426.09 426.09

Closing balance of Cash & cash equivalents 400.51 403.18 403.13 472.39 504.68 415.98
Notes:
1. The financial results of the Company have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, prescribed
under Section 133 of the Companies Act, 2013, and other recognised accounting practices and policies to the extent applicable.

2. The above standalone & consolidated unaudited financial results of the Company have been reviewed by the Audit Committee and approved by the
Board of Directors at their respective meetings held on 30 th October, 2021.

3. The Company has considered the impact of Covid-19 in the above financial results. The Company believes that based on the internal and external
information available upto the date of these financial results, all its Assets including Inventories, Receivables, Investments and other financial and non-
financial assets, were not materially impacted and there was no significant material impact on the operations of the Company, during the current
quarter. The Company continues to stay vigilant from the possible future events & developments, if any, arising due to third wave of Covid 19 in the
country.

4. Figures of the corresponding previous period have been regrouped, rearranged wherever necessary to conform to the classification of the current
period.

5. The Statutory Auditors of the Company have conducted a Limited Review of the above financial results for the quarter ended September 30, 2021 and
have expressed an unmodified audit opinion on these results.

6. The Company has only one reportable segment.

7. The results for the quarter ended September 30, 2021 are available on the on the website of the Company at www.kananiindustries.com and on the
websites of the Stock Exchanges viz. www.bseindia.com and www.nseindia.com.

For & On Behalf of Board of Directors

Mr. Harshil P. Kanani

Place : Mumbai Managing Director
Date : 30/10/2021 DIN NO: 01568262